Conseco Finance $882.7MM HEL Ctfs Series 2000-F Rated By Fitch.

Business Editors

NEW YORK--(BUSINESS WIRE)--Oct. 31, 2000

Conseco Finance Corp.'s (Conseco) $567 million home equity loan certificates, series 2000-F, class AF certificates are rated 'AAA' by Fitch. The $49 million class MF-1 certificates are rated 'AA', the $35 million class MF-2 `A', and the $28 million class BF-1 `BBB' by Fitch. Additionally, the $168 million class AV-1 certificates are rated `AAA', the $15.8 million class MV-1 `AA', the $10.5 million class MV-2 `A', and the $9.5 million class BV-1 `BBB' by Fitch.

Credit enhancement for the `AAA' rated class AF certificates reflects the credit support provided by the 19% subordinate classes MF-1, MF-2, BF-1, and BF-2. Support for `AA' rated class MF-1 is provided by the 12% classes MF-2, BF-1, and BF-2. Support for the `A' rated class MF-2 is provided by the 7% class BF-1 and BF-2. Support for the `BBB' rated BF-1 is provided by the 3% class B-2 certificates. All of the certificates benefit from monthly excess cash and 2.6% target overcollateralization to absorb losses. The class BF-2 certificates are not being offered at this time.

Credit enhancement for the `AAA' rated class AV certificates reflects the credit support provided by the 20% subordinate classes MV-1, MV-2, BV-1, and BV-2. Support for `AA' rated class MV-1 is provided by the 12.5% classes MV-2, BV-1, and BV-2. Support for the `A' rated class MV-2 is provided by the 7.5% class BV-1 and BV-2. Support for the `BBB' rated BV-1 is provided by the 3% class BV-2 certificates. All of the certificates benefit from monthly excess cash and 1.5% target overcollateralization to absorb losses. The class BV-2 certificates are not being offered at this time.

The class AF, MF and BF certificates are collateralized initially by two pools of fixed-rate, closed-end mortgage loans creating a first or junior lien on one- to four-family properties. Fitch's analysis is based on initial fixed-rate loans totaling $492.5 million, which represents approximately 70.4% of the total $700 million fixed-rate loans. Additional fixed-rate loans will be purchased up to 90 days after the closing date. Fitch monitors the characteristics of the additional collateral to ensure conformity to the representations made by Conseco. The average balance of the initial fixed-rate loans is $64,284.98; the weighted average coupon is 12.88%; the weighted average maximum coupon is 21.2%; the weighted average remaining term is 242 months. Geographically, the largest concentration of the loans is located in Texas (20.92%).

The class AV, MV and BV certificates are collateralized initially by a pool of adjustable-rate, closed-end mortgage loans creating a first lien on one- to four- family properties. Fitch's analysis is based on initial adjustable-rate loans totaling $186.9 million, which represents approximately 89% of the total $210 million adjustable-rate loans. Additional adjustable-rate loans will be purchased up to 90 days after the closing date. Fitch monitors the characteristics of the additional collateral to ensure conformity to the representations made by Conseco. The average balance of the initial adjustable-rate loans is $124,016.9; the weighted average coupon is 10.12%; the weighted average maximum coupon is 16.39%; the weighted average remaining term is 357 months. Geographically, the largest concentration of the loans is located in California (14.38%).

Interest is paid first to the class A certificates followed by interest to the class M, and B-1 certificates. Next, principal is distributed sequentially to the class A, M and B-1 certificates. Finally, interest then principal is paid to the class B-2 certificates.

The home equity loans were originated by Conseco or a company approved correspondent. U.S. Bank Trust, N.A. will serve as trustee.

Fitch is an international rating agency that provides global capital market investors with the highest quality ratings and research. Dual headquartered in New York and London with a major office in Chicago, Fitch rates entities in 75 countries and has some 1,100 employees in more than 40 local offices worldwide. The agency, which is a combination of Fitch IBCA and Duff & Phelps Credit Rating Co., provides ratings for Financial Institutions, Insurance, Corporates, Structured Finance, Sovereigns and Public Finance markets worldwide.